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WAWA C-STORE & GAS | ABS. NET GROUND LEASE 75 US Highway 206 5,900 SF 4-Star Retail Building Stanhope, NJ 07874 $5,093,458 ($863.30/SF) 5.35% Cap Rate
INVESTMENT HIGHLIGHTS
- 19+ Year Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Wawa is located at a signalized intersection on Route 206 and Lackawanna Drive, with visibility to 28k+ vehicles daily. Immediate Access to/from I-80.
- Affluent New Jersey Highlands Community - Serves as a Commuter Hub to Newark and New York City.
- Brand New 2024 High Quality Construction. 24-Hour Convenience Store and Gas Station. This Site Features 12 Fueling Pumps.
- Wawa is one of the Largest Convenience Store Chains in the United States with 1,000+ Locations and Serving more than 800 Million People Annually.
- Located just off Interstate 80 - the Nation’s Second-Longest Highway, which connects San Francisco to NYC.
EXECUTIVE SUMMARY
Wawa C-Store & Gas | 19+ Year Absolute Net Ground Lease | 24 Hour Store w/ 12 Pumps | Signalized Hard Corner Location | Brand New 2024 Construction | Near Interstate-80 - Access to NYC & Newark | Adjacent to CVS | Across from ShopRite-Anchored Center | Affluent Area: $147k+ Avg. HHI
New Jersey Broker of Record: John Horowitz | 250 Pehle Ave., Suite 501 Saddle Brook, NJ 07663 | P: 212-430-5261 | Lic #: 2192359 | John.Horowitz@MarcusMillichap.com
New Jersey Broker of Record: John Horowitz | 250 Pehle Ave., Suite 501 Saddle Brook, NJ 07663 | P: 212-430-5261 | Lic #: 2192359 | John.Horowitz@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,900 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$5,093,458
Price Per SF
$863.30
Cap Rate
5.35%
NOI
$272,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.60 AC
Zoning
V-B
Parking
47 Spaces (7.97 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Wawa
- Retailer
- 5,585 SF
- -
- Triple Net
- Nov 2044
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Wawa | Retailer | 5,585 SF | - | Triple Net | Nov 2044 |
NEARBY MAJOR RETAILERS
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WAWA C-STORE & GAS | ABS. NET GROUND LEASE | 75 US Highway 206
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